Adani announces $3 billion rights issue for fundraising
after close1 source ↓written by the desknot a recommendation
- has launched
- $3 billion rights issue
Adani Group has launched a $3 billion rights issue, marking its largest capital call since the 2023 short-seller incident. This move aligns earnings more closely with its high valuation and is bolstered by a potential airports listing. Despite ongoing challenges in the US, access to Indian markets has normalized.
Not investment advice. For informational purposes only.